Cement News tagged under: Weekly Newsletter
Vietnam Jan-Feb sales reach 9Mt24 March 2015, Published under Cement NewsVietnam sold 9.01Mt of cement and clinker in the first two months of this year, meeting 12.5 per cent of the whole-year target, according to figures from the country's Ministry of Construction (MoC). Of the volume, 6.76Mt of cement was sold in the domestic market and about 2.25Mt of cement and clinker was exported. In February, the country’s domestic cement sales stood low at 2.38Mt, mainly due to the long public holidays, the MoC noted. The ministry predicted Vietnam's sales of ceme... |
Lafarge and Holcim agree on revised terms20 March 2015, Published under Cement NewsLafarge and Holcim are back on track with their proposed merger having reached an agreement on revised terms for the deal. Holcim demanded new terms earlier this week, stating that the merger could no “longer be pursued in its present form and has proposed to enter into negotiations in good faith around the exchange ratio and governance issues." Under the new terms confirmed today, both parties agreed on a new exchange ratio of 9 Holcim shares for 10 Lafarge shares. The companies ha... |
HeidelbergCement ‘confident’ on 2015 outlook19 March 2015, Published under Cement NewsHeidelbergCement’s 2014 consolidated financial results show increases in revenue and operating income, and significant increases are expected for the year in hand. The group's turnover increased by four per cent last year to EUR12,614m, or by 8.4 per cent on a comparative basis, and the EBITDA improved by a 2.9 per cent to EUR2288m and the trading profit advanced by five per cent to EUR1595m, or by 12.9 per cent adjusting for currency movements and changes in the scope of consolidation. Af... |
Spain: February consumption up 8%19 March 2015, Published under Cement NewsSpain’s demand for cement increased 8.3 per cent in February to 810,104t, when compared with February 2014, according to Oficemen, the country’s cement association. For the first two months of 2015, consumption advanced 6.6 per cent YoY to 1.6Mt. However, Oficemen CEO, Aniceto Zaragoza, highlights that more needs to be done to consolidate growth. "In continuing this trend, it will take more than a decade to just reach half of cement consumption recorded in 2007. We believe it is necess... |
Indonesian monthly consumption down 6.2%17 March 2015, Published under Cement NewsIndonesian cement consumption during February 2015 fell by 6.2 per cent YoY to 4.2Mt, latest data from the Indonesia Cement Association (ASI) shows. For the first two months of the year, demand declined by 1.2 per cent YoY to 9.07Mt. Consumption was down in the main market of Java by 1.3 per cent, while reductions were also seen in Sumatra (-7.7 per cent) and Sulwesi (-6.3 per cent). Increases were recorded in Kalimantan (+6.8 per cent) and Nusa Tenggara Timur (+5.5 per cent). The slow... |
Peru cement sales fall 4.9% in Feb 201517 March 2015, Published under Cement NewsPeru’s cement market contracted by 4.9 per cent YoY as dispatches fell from 816,000t to 775,000t in February 2015, according to Asocem, the country’s cement association. In January, cement dispatches increased 1.7 per cent. "This is mainly due to climatic factors, low public spending, weak private investment and low trust in the government. As in January, heavy rains during February in the highlands and jungle witnessed, "said the cement association. Public expenditure fell 23 per cen... |
IDA to propose 12 licences in Upper Egypt17 March 2015, Published under Cement NewsThe Industrial Developmental Authority (IDA) is set to propose 12 new cement licences in several Upper Egypt governorates this year, according to its chairman. The IDA is also working on preparing new mechanisms and regulations for proposing cement licences, before submitting them to Prime Minister Ibrahim Mehleb within 10 days. Mehleb will approve them as soon as possible, said Ismail Gaber, Chairman of IDA, told Daily News Egypt on the sidelines of the Economic Summit in Sharm El Sheikh. ... |
HeidelbergCement inaugurates Scantogo clinker plant, Togo12 March 2015, Published under Cement NewsHeidelbergCement inaugurated the 1.5Mta new greenfield Scantogo clinker plant in Togo on 6 March 2015. The new US$250m plant is located at Tabligbo, some 80km north east of the capital city Lomé. More than 2000 guests attended the ceremony, among them the president of the Republic of Togo, the president of the National Assembly and the German ambassador in Togo. With the Scantogo investment, HeidelbergCement has become the largest German foreign investor in Togo. The new US$250m gre... |
Holcim expects 3-5% growth in Mexico12 March 2015, Published under Cement NewsThe Mexican cement market will expand by 3-5 per cent in 2015, according to a forecast by Holcim México. Although dollar volatility, lower oil receipts and the decreased government spending may impact negatively on cement consumption, the National Infrastructure Plan (NIP), a dynamic housing sector and higher remittances are expected to boost cement demand this year. In the first half of 2015 the recovery that started in 2H14 is expected to take hold. "There are conditions to believe th... |
Germany: 2014 cement edges ahead11 March 2015, Published under Cement NewsCement consumption in Germany rose by 2.2 per cent YoY in 2014 to 27.1Mt, according to data German Cement Works Association (VDZ), which also predicts further growth in 2015. "Significant catch-up effects from 2013 and mild weather really bolstered cement consumption, particularly in the first quarter of 2014," said Gerhard Hirth, President of VDZ. However, the generally reserved economic climate had a dampening effect on construction investment over the rest of the year. "We experienced co... |